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No-deal Brexit will make it illegal

to pay expat pensions

Cheeseroller
post 26.Jul.2018, 11:10 AM
Post #1
Location: Germany
Joined: 10.Apr.2007

It could be “illegal” to pay private pensions to many retired British expats if the UK crashes out of the EU without a deal, MPs have been told.

The Association of British Insurers said pensioners who receive their payments into bank accounts in their adopted countries could be left without cash.

https://www.independent.co.uk/news/uk/polit...y-a8461166.html
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Rick Methven
post 2.Apr.2019, 05:55 PM
Post #2
Location: Linköping
Joined: 30.Nov.2005

Which is why I cashed in all my UK pensions and other assets when I moved to Sweden in 2003.
With A no deal Brexit looming in 10 days, I must have been clairvoyant. 16 years ago.
The downside has been it has not stopped UK based financial service companies pestering me with cold calls.
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Uncle Fred
post 2.Apr.2019, 10:57 PM
Post #3
Joined: 16.Apr.2008

You are back after more than a year, Rick. Or is it just a guest appearance.
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Gamla Hälsingebock
post 2.Apr.2019, 11:14 PM
Post #4
Joined: 21.Dec.2006

Remember this is all conjecture...
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Bsmith
post 2.Apr.2019, 11:56 PM
Post #5
Joined: 25.Jun.2009

R.M. swoops in like a seagull, leaves a deposit, then swoops back out.
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intrepidfox
post 3.Apr.2019, 12:04 PM
Post #6
Location: Gothenburg
Joined: 18.Jul.2012

QUOTE (Rick Methven @ 2.Apr.2019, 05:55 PM) *
Which is why I cashed in all my UK pensions and other assets when I moved to Sweden in 2003. With A no deal Brexit looming in 10 days, I must have been clairvoyant. 16 years a ... (show full quote)


I also cashed in my pensions last year when i was 55. I still have a state pension but that will be only a couple of hundred a month
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Gjeebes
post 3.Apr.2019, 05:51 PM
Post #7
Joined: 20.Feb.2012

It's really interesting that the EU decided to make the UK's exit such a soap opera. Didn't have to be that way, but making it a disaster, at the entire UK's expense, is essentially a well planned warning to the rest of the member states.

And all this drama is directed by un-elected "officials" in Brussels.
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nativeswedishengineer
post 6.Apr.2019, 08:59 PM
Post #8
Joined: 7.Nov.2017

QUOTE (Gjeebes @ 3.Apr.2019, 06:51 PM) *
It's really interesting that the EU decided to make the UK's exit such a soap opera. Didn't have to be that way, but making it a disaster, at the entire UK's ... (show full quote)


The UK is free to withdraw at any moment, but they seem to be hell-bent on getting some kind of trade deal with the worthless EU.
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Gamla Hälsingebock
post 6.Apr.2019, 10:15 PM
Post #9
Joined: 21.Dec.2006

Simply put...The people want out...The politicians haven't a clue on how to serve those that elected them!!!
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john.boy
post 7.Apr.2019, 09:21 AM
Post #10
Location: Stockholm county
Joined: 27.Sep.2017

QUOTE (Cheeseroller @ 26.Jul.2018, 11:10 AM) *
The Association of British Insurers said pensioners who receive their payments into bank accounts in their adopted countries could be left without cash.

It is scare news/tactic from those wishing to remain tied into the EU framework.
Pension companies that might lose passport rights would just need to set up additional subsidiaries in each EU country and pay from those into your account, alternatively an individual could open a bank account in the UK and have the pension paid into that.
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